A top Wall Street analyst at Daiwa reiterated a Buy rating and a $300 price target for AMD stock, sending its shares higher on Wednesday. Such a rally to $300 would mean a 44% climb from the stock’s current price. Advanced Micro Devices (NASDAQ: AMD) stock has had a robust performance this year, rising nearly 65% YTD. Its price entered 2025 trading at $120 and plunged to the $80 level after Trump’s Liberation Day market crash. It rebounded spectacularly since then, now looking for its next ATH.
AMD is facing headwinds amid a broader tech selloff influenced by concerns over Oracle’s funding issues. As a result, its stock has been declining recently. However, the ongoing AI boom has increased the demand for data center components, such as AMD’s AI-focused CPUs and graphics cards. AMD has become one of the biggest competitors to Nvidia’s (NVDA) dominance, and 2026 could see that gap slim even further, according to Daiwa’s analysis.
In addition, Wall Street analyst Joshua Buchalter, Director at TD Cowen Investment Banking, has also given AMD stock a buy call. The equity analyst explained that a number of advancements in the AI sector position AMD at a better spot than its competitors. It is also challenging Nvidia in the GPU and AI sector and could come out as superior to its counterpart. A bit less bullish than Daiwa, Buchalter forecasts AMD stock could reach a high of $290 by mid-2026.
Turning to the rest of Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 31 Buy and nine Hold ratings over the past three months. With that comes an average AMD stock price target of $281.97, representing a potential 34.8% upside for the shares. Stifel, with a high price target score of 97, suggests a $280 target, showing strong historical accuracy in price predictions. Benchmark is the most optimistic with a $325 target but has a moderate overall score of 67.4.